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According to TokenInsight Dashboard, during the last week (September 10-September 16), the top exchanges' total trading volume was $457.9 billion, up 44.4% compared to the previous week. Meanwhile, last week's spot volume was $68.91 billion, up 32.5%. The weekly derivatives volume was $388.95 billion, up 46.8%.
The top 5 exchanges' trading volumes last week are as follows:
- Binance: $222.71 billion, up 32.9%. The market share is 49.58%
- OKX: $82.68 billion, up 64.0%. The market share is 18.41%
- Bybit: $63.18 billion, up 60.8%. The market share is 14.06%
- Coinbase: $5.36 billion, up 38.1%. The market share is 1.19%
- Bitget: $40.07 billion, up 31.6%. The market share is 8.92%
It's worth noting that it's the first time in the past two years that Binance's market share was below 50%. On the other hand, the trading volumes of OKX and Bybit have both increased by more than 60%, and their market shares have also gone up by 2.28% and 1.49% respectively last week.
Note: TokenInsight has selected some exchanges based on our database to calculate the total trading volume, instead of including all exchanges. We have selected 10 exchanges each for spot and derivatives, which account for over 90% of the total trading volume in the market. The 10 selected spot exchanges are Binance, Coinbase, OKX, Bybit, KuCoin, Bitget, Upbit, Gate, Kraken, and Bitfinex. The 10 selected derivative exchanges are Binance, OKX, Bybit, Kucoin, Bitget, Gate, Kraken, Bitfinex, BitMEX, and Deribit. Learn more
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